News
Employment level to increase in the footwear industry
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
Zalando cuts outlook as macroeconomic conditions worsen
The online retailer revised its guidance for fiscal 2022 due to the deterioration of macroeconomic conditions over the second quarter. EU consumer confidence index decreased further in June
Portuguese Savana launches NEW.VE
The company specialized in the production of children’s footwear has just launched at the latest edition of Expo Riva the eco-friendly brand New.Ve (New Version of the World)
US: high levels of inventory worry retailers
Retailers overestimated consumer demand when making inventory decisions for 2022. Now, they are expecting that holidays and back-to-school shopping will help them ease the pressure
JD Sports doubles profit
The retailer posted a record profit before tax and exceptional items in fiscal 2022, as well as revenue growth of 38%, year-over-year, reaching 8.56 billion British pounds (9.95 billion euros)
Hoka unveils global marketing campaign
The division of Deckers Brands launched the global platform Fly Human Fly to invite runners of all abilities to experience running as an experience of joy, optimist and limitless possibilities
Spain Retail: sales increase in the first quarter despite tricky macro-environment
Following an abrupt drop in consumers’ confidence in March due to the war in Ukraine, on top of an alarming inflationary climate, Spanish consumers appear to regard the current situation as temporary. In fact, retail sales of clothes and accessories have increased by 19.1% in the entire first quarter of 2022, despite less generous discounts thanks to this year’s cost inflation. Margin protection is certainly at the top of retailers’ agenda now. Meanwhile, the online and physical retail are somehow at a truce
Zalando acquires majority stake in Highsnobiety
With the transaction, multi-media global brand Highsnobiety will retain its editorial independence, with creative agency work remaining fully autonomous and management structure unchanged. Founder and CEO, David Fischer retains a minority stake in the business
Italian footwear industry appeals for aid
Italian manufacturers struggle with high levels of inventory as the war in Ukraine continues, hurting badly businesses. Assocalzaturifici renews appeal to the Italian Government for aid
Gap and Athleta invest in the footwear and apparel start-up Saysh
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix
Unemployment rate in the UK hits historic low
This was revealed by the Office for National Statistics (ONS). The UK unemployment rate is now close to a 50-year low point, having dropped by 0.2% to 3.8% for February to April 2022
Strong expectations for the health of footwear businesses
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
More than 8 000 visitors at the latest edition of Expo Riva
Under the umbrella of innovation and sustainability, the 97th edition of Expo Riva Schuh & Gardabags attracted more than 8 000 visitors from 103 countries and exhibitors from over 41 countries
UK: online retail growth in freefall in May
The growth of online retail sales fell by 8.7% year-on-year in May in the UK, despite being measured against a negative performance in May 2021 (-6%), as reported by the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers
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